abrdn plc Grows Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

abrdn plc grew its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,313 shares of the financial services provider's stock after acquiring an additional 23,662 shares during the period. abrdn plc owned about 0.13% of Sixth Street Specialty Lending worth $2,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in Sixth Street Specialty Lending in the 4th quarter worth $39,000. Quarry LP increased its position in shares of Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock valued at $84,000 after buying an additional 3,238 shares during the period. EMC Capital Management raised its stake in Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after buying an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sixth Street Specialty Lending in the third quarter worth about $196,000. Finally, Grimes & Company Inc. grew its holdings in shares of Sixth Street Specialty Lending by 16.4% during the 3rd quarter. Grimes & Company Inc. now owns 18,400 shares of the financial services provider's stock worth $378,000 after acquiring an additional 2,591 shares during the period. 70.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Wednesday, November 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $22.33.

Sixth Street Specialty Lending Stock Up 1.2 %

Shares of NYSE:TSLX traded up $0.27 on Thursday, hitting $22.47. 238,409 shares of the company traded hands, compared to its average volume of 281,266. The stock has a 50 day simple moving average of $21.52 and a 200-day simple moving average of $20.99. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.10 billion, a PE ratio of 10.91 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.48.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio is currently 89.32%.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.